The latest accounting standard update, which will take effect in December 2024, will allow firms to use fair-value accounting on certain digital assets in a bid to measure the assets’ economics accurately.
Taiwan is exploring a digital New Dollar with a completed central bank digital currency proof-of-concept, aiming to streamline payments, enhance security, while eyeing public input for a gradual rollout.
As AI gradually becomes mainstream, the United Kingdom is laying out guidelines to ensure its proper use, including in the court, while maintaining its belief in the tech's vast array of use cases.
Legislators in the European Union reached an agreement on the Artificial Intelligence Act, which aims to ensure that "fundamental rights, democracy, the rule of law and environmental sustainability are protected from high-risk AI."
The Financial Supervisory Commission is considering allowing a ‘crypto’ ETF, but it’s waiting to see how other markets develop, including the U.S. where a spot ETF is being weighed.
Amidst the scandals that rocked the 'crypto' space in recent months, the U.S. has yet to pass a meaningful regulation governing the ecosystem after Congress left out the matter in its final mandate.
The bill which received the backing of the finance committee in the Kenyan parliament categorizes digital assets as securities and pushes for taxation.
Swiss cities of Basel and Zurich are pioneering the use of wholesale CBDCs from the Swiss National Bank to settle digital bonds, marking a significant step in the tokenization of financial assets.
ICMA's report examines risks in blockchain-based bond offerings, highlighting technological, legal, and liquidity challenges, and advocates for improved transparency in disclosure documents.
While the proposed bill would not impact how the U.S. Securities and Exchange Commission oversees the digital asset space, its enforcement in New Jersey would further validate that the regulator is on the right track.
In a sign of cementing blockchain's limitless abilities, the U.S. House Committee on Energy and Commerce passed a new proposed bill promoting blockchain competitiveness.
The Financial Intelligence Unit has partnered with South Korea’s five leading exchanges to solicit reports on any unlicensed exchanges, after which it “plans to take necessary measures.”
